How do I create a new allocation rule?

To create a new allocation rule in nCino Incentive Compensation,

1. On the nCino Incentive Compensation menu, click Payroll then + New Allocation.
2. In the Add New Allocation Rule page, create the new rule per agreed upon terms. The following information is required:

Picture 1: Add New Allocation Rule in nCino Incentive Compensation

a. Allocation Name: Give rule a unique name.

b. Assigned To: Select role from the drop down list. This indicates when the allocation rule isactivated for any employee assigned to a loan with the role selected.

c. Activation Date: Click the box to select the new rule’s activation date from the calendar.

d. Trigger Date Determining Eligibility: From the drop down list, select milestone status on the loan nCino Incentive Compensation references to determine the compensation schedule.

e. Payment | Timing | Calculation*: From the drop down list, select the allocation option. Options are formatted by

Payment Type > Allocation Timing > Payment Calculation > Recipient of Allocation > Minimum/Maximum caps.

• • • Payment Type: Transaction is a bonus or commission.
    • Allocation Timing: Shared split per loan, overrule or outside allocation per loan.
    • Payment Calculation: Flat dollar amount or BPS multiplied by loan amount.
    • Recipient of Allocation: see Allocate To below in step 3f.
    • Minimum/Maximum caps: If Exclude from Min & Max Cap is selected, the allocation is excluded from any minimum and/or maximum limits. If Include in Min & Max Cap is selected, the allocation will run prior to minimums and maximums being calculated and in doing so, be included in any min/max limits. If Split After Min & Max Cap is selected. the allocation will run after the minimums and maximums are calculated.

f. Allocate To: This will be based on the Payment | Timing | Calculation* method selected in step 3e.

• • • If Paid to Assigned on Loan is selected, no action is necessary in this step. The allocation amount is credited to the role selected step 3b, Assigned To.
    • If Paid to Specific Employee is selected, select employee from the drop down list. Allocation amount is credited to the selected employee.
    • If Paid to LO on Loan is selected, no action is necessary in this step. The allocation amount is paid to the Loan Originator.
    • If Paid to Branch/Company is selected, no action is necessary in this step. The allocation amount is deducted from the LO’s commission and retained by the branch/company.
    • If Paid to Processor on Loan is selected, no action is necessary in this step. The allocation amount is paid to the loan processor.

g. Amount: Type amount of allocation. Actual amount allocated will auto generate based on the Payment | Timing | Calculation* method selected in step 3e.

h. Visible to Employee: Check box to make allocation rule visible to the employee paying the allocation.

i. Visible to Branch Manager: Check box to make allocation rule visible to the branch manager.

j. Auto Assign to All LO's: Check box to make a global allocation rule. If checked, the rule will automatically be assigned to all LO’s with at least one active compensation schedule.

k. Notes: Type additional notes or comments.

1. To add limitations on when the allocation is paid out, specify below. Default is set to All and unless noted, the allocation rule will pay out on all loans.

a. Brokered: If Brokered is selected, allocation will only pay on Brokered loans. If Non-Brokered is selected, allocation will only on Non-Brokered loans.

b. Employee Loan: If Employee is selected, allocation will only pay on employee loans. If Non-Employee is selected, allocation will only pay on non-employee loans.

c. Investor: Type name of an investor to restrict the allocation rule to pay on only loans with designated investor.

d. Lien Position: If 1^st Lien Only is selected, allocation will only pay on 1^st lien loans. If 2^nd Lien Only is selected, allocation will only pay on 2^nd lien loans.

e. Loan Originator: Select name of a loan originator to limit the allocation from paying on only loans with specified employee assigned as loan originator on the loan.

f. Loan Purpose: Select option from drop down list to limit the allocation rule to only pay out on loans with designated purpose

g. Loan Source: Type loan source to limit the allocation rule to pay on only loans with specified loan source.

h. Loan Type: Select a loan type to limit the allocation rule to pay out only on the designated loan type.

i. Loan has Assignment: Select a loan assignment to limit the allocation rule to pay out only on the designated loan assignment type.

1. To create the new allocation rule, click Save As New.

To learn more about allocation rules in nCino Incentive Compensation see Understand Allocation Rules.

Minimum Access Level " AL5 (Executive)